Cllr Lynden Stowe provided an update on the year-end forecast for the 2021/22 County Council’s Revenue and Capital Budgets.
Having considered all of the information. Cabinet noted the report and
1. Note the forecast revenue year end position based on January 2022
(Period 10) forecasts for the 2021/22 financial year is an overspend of
£946k all of which relates to non-Covid-19 expenditure, as we are
forecasting a balanced position in relation to Covid-19 expenditure and
2. Note delivery of the £5.717 million of savings against a target of £6.761
million in 2021/22 or 84.6% of target.
3. Note the forecast capital year end position as at the end of December
2021 of £137.910 million against the current budget of £153.404 million.
4. Approve the £1.041 million increase to the capital programme as
outlined in Section C.